US Services Sector Growth at 7-Month High: ISM


The ISM Non-Manufacturing PMI index went up 3.6 percentage points to 56.5 percent in June of 2016, up from 52.9 in May and well above market expectations of 53.3. It is the highest reading since November last year, boosted by new orders and new business and a recovery in employment.

The Non-Manufacturing Business Activity Index increased to 59.5 percent, 4.4 percentage points higher than the May reading of 55.1 percent, reflecting growth for the 83rd consecutive month, at a faster rate in June. 

The New Orders Index registered 59.9 percent, 5.7 percentage points higher than the reading of 54.2 percent in May. 

The Employment Index grew 3 percentage points in June after one month of contraction to 52.7 percent from the May reading of 49.7 percent. 

The Prices Index decreased 0.1 percentage point from the May reading of 55.6 percent to 55.5 percent, indicating prices increased in June for the third consecutive month. 

 US Services Sector Growth at 7-Month High: ISM


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
7/6/2016 3:08:06 PM